Shandong Gold controlling shareholder starts $70m share buyback

Shandong Gold Mining announced its controlling shareholder Shandong Gold Group has started implementing a shareholding increase program worth RMB500 million to RMB1 billion over twelve months.

The group acquired 500,000 A shares for approximately RMB14.67 million in the initial purchase through the Shanghai Stock Exchange. The program began in April and will use self-owned funds and special loans.